Central bankers, after all, have had an explicit interest in introducing e-money from the moment the global financial crisis began… Bitcoin has helped to de-stigmatise the concept of a cashless society by generating the perception that digital cash can be as private and anonymous as g...

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By Yanis Varoufakis, Professor of Economics at the University of Athens. Cross posted from his blog The Crash of 2008 has infused our societies with enormous scepticism on the role of the authorities, both government and Central Banks. It is quite natural that many dream of a currency...

Yves here. Some readers questioned the discussion of Bitcoin’s deflationary qualities in a recent post, so this discussion is a useful follow-on. By Dan Kervick, who does research in decision theory and analytic metaphysics. Cross posted from New Economic Perspectives I appeared today...

Conclusion: MtGox can pay journalists with 1.1 million dollars investment they got, so, medias will popularize BTC one period and after that BTC will go down. Most of users of BTC are exchangers who enjoy in speculating in order to gain profit, mass of people don’t have capital to be ...

Yves here. I was extremely puzzled to see various US regulators make cautiously positive remarks about Bitcoin in Congressional hearings. One would expect them to be opposed. First, Bitcoin is a cash proxy without many of the inconveniences of cash, in particular, the fact that carryi...